Bitcoin may find bear market bottom in August: 10x Research
CoinTelegraph·
60-second summary
Bitcoin is poised to confirm an August bear-market bottom, according to 10x Research, although rising Treasury yields could potentially force the Fed to raise interest rates in September. This scenario would likely weigh on the cryptocurrency's price, potentially extending the bear market, as investors await clarity on the Federal Reserve's monetary policy decisions and their impact on the market.
Bitcoin could confirm an August bear-market bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research.